Distribution Industry News
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Wurth Industry North America Reports Strong Sales Growth Through July
Industrial Division sales were up 14.8% in the same period.
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Avient Corporation to Sell Distribution Business
Avient will divest distribution business to H.I.G. Capital for $950M.
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ScanSource Sales Up 12.9% in Fourth Quarter 2022
ScanSource annual sales were $3.53 billion, up 12%.
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Affiliated Distributors Appoints New President of AD Electrical-U.S Division
Karen Baker was previously the COO of Horizon Solutions.
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Core & Main Acquires Waterworks Company in Ohio
Core & Main has acquired the municipal waterworks division of Trumbull Industries.
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Tencarva Machinery Company Acquires Fischer Process Industries
Fischer Process is a pump, valve and process equipment distributor headquartered in Loveland, Ohio.
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Lowe’s Reports Sales Down 0.3% in Second Quarter 2022
Lowe’s pro sales were up 13% for the quarter.
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Jergens Inc. Sells Distribution Division JIS to PT Solutions
Jergens president says company’s greatest opportunities lie in manufacturing.
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Winsupply Opens Richard W. Schwartz Center for Innovation
The 28,000-square-foot center will host a Support Services team, which will work alongside a local company to refine innovations.
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Home Depot Sales Up 6.5% in Second Quarter 2022
Profit was up 7.5% from the prior-year period.